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Banks and Innovation : Microeconometric Evidence on Italian Firms

Benfratello, Luigi - 2014

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...

Persistent link: https://www.econbiz.de/10012752497

Detecting Mortgage Delinquencies

Askitas, Nikos - 2012

Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...

Persistent link: https://www.econbiz.de/10013114318

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to … implications of such defaults for both households and banks. Results from a calibrated version of the model highlight the role of …

Persistent link: https://www.econbiz.de/10013119292

The Value of Business Networks in Emerging Economies : An Analysis of Firms' External Financing Opportunities

Owolabi, Oluwarotimi Ayokunnu - 2011

domestic and foreign banks, as these new banks attempt to minimize costs of adverse selection. Networking however discriminates …

Persistent link: https://www.econbiz.de/10013124471

Do SBA Loans Create Jobs?

Brown, J. David - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10013077297

Do You Even Crypto, Bro? Cryptocurrencies in Household Finance

Weber, Michael; Sheflin, Stephen; Coibion, Olivier; … - 2023

Using repeated large-scale surveys of U.S. households, we study the cryptocurrency investment decisions and motives of households relative to other financial assets. Cryptocurrency holders tend to be young, white, male and more libertarian relative to non-crypto holders. They expect much higher...

Persistent link: https://www.econbiz.de/10014349510

The Economics of Financial Stress

SERGEYEV, DMYTRO; Lian, Chen; Gorodnichenko, Yuriy - 2023

We study the psychological costs of financial constraints and their economic consequences. Using a representative survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship between financial stress and measures of financial constraints....

Persistent link: https://www.econbiz.de/10014349513

Death, Happiness, and the Calculation ofCompensatory Damages

Oswald, Andrew J.; Powdthavee, Nattavudh - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper studies the mental distress caused by bereavement. The largest emotional lossesare from the death of a spouse; the second-worst in severity are the losses from the death ofa child; the third-worst is the death of a parent...

Persistent link: https://www.econbiz.de/10005861415

Symbolic Values, Occupational Choice,and Economic Development

Corneo, Giacomo; Jeanne, Olivier - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Channeling human resources into the right occupations has historically been a key toeconomic prosperity. Occupational choices are not only driven by the material rewardsassociated with the various occupations, but also by the esteem that they confer...

Persistent link: https://www.econbiz.de/10005863033

Culture, Children and Couple Gender Inequality

Jessen, Jonas - 2022

This paper examines how culture impacts within-couple gender inequality. Exploiting the setting of Germany's division and reunification, I compare child penalties of East Germans who were socialised in a more gender egalitarian culture to West Germans socialised in a gender-traditional culture....

Persistent link: https://www.econbiz.de/10014076466